Island Pacific, a division of SVI Solutions, Inc. (AMEX: SVI), announced today at the National Retail Federation (NRF) 92nd Annual Convention and Expo at Jacob Javits Convention Center in New York city, the appointment of Harvey Braun, a well-known and highly-respected retail industry veteran, as Chief Executive Officer of Island Pacific. In this position, Mr. Braun will lead the company through the next evolution of product and service offerings to meet the ever-changing needs of retailers worldwide.
“It’s time for a revolution in the evolution of our industry,” said Braun. “We will not simply introduce products with updated report writing capability or faster data access – that’s the way the industry evolved in the past. We will bring retailers solutions that will change the way they look at their business. We are building the most complete network of expertise available to build these solutions and to be ‘on-call’ for retailers. Keep your eye on Island Pacific - we are here to start a revolution.”
Barry Schechter, Chairman and Chief Executive Officer of SVI, stated, “We are positioning Island Pacific to lead the market not just today, but well into the future. After over 30 years in the business, Harvey has developed a strong commitment and vision of where the industry must go, and he will use Island Pacific as the vehicle to take it there. His skills compliment those of Steven Beck, our recently appointed President of Island Pacific. Together they provide the vision and business acumen to take SVI to the next level.”
Braun recently retired from his role as Senior Partner of Deloitte Consulting’s Consumer Business Practice. He was responsible for developing and serving the firm’s broad retail industry client base and assisting general merchandising and specialty retailers in all phases of their business. His 30-plus year’s experience in organization and business strategy, market research, merchandising and distribution, information systems, point of sale and operations has helped to establish him as one of the leading experts in the industry.
As Global Industry Leader, he led the Deloitte Consulting CB/Retail Practice from its inception to where it has grown its consulting revenues to $500 million worldwide. He also co-led the combined consulting, audit and tax practice to almost $2 billion. He has served many of the leading retail and consumer goods companies with both domestic and global operations. His clients included Ahold (NYSE:AHO), ConAgra, Inc. (NYSE:CAG), Federated (NYSE: FD), Home Depot (NYSE:HD), IBM (NYSE:IBM), Kmart (OTC:KMRTQ-PK), RJR Nabisco (NYSE:RJR), Sears (NYSE:S), The Gap (NYSE:GPS), The Limited (NYSE:LTD), and MarMaxx (NYSE:TJX).
About Island Pacific Island Pacific provides retailers with a fully integrated suite of software to manage the spectrum of merchandising activities and create success for single and multi-channel businesses. Partnering with our customers, our products deliver the tools retailers need to effectively increase revenues and profits – assuring merchandise desired by customers is in retailers' stores priced competitively. To complement the spectrum of success provided by our software products, we also offer a breadth of professional services including consulting, implementation, technical and project management. Headquartered in Irvine, California, Island Pacific has offices in the United States and the United Kingdom. Its worldwide customer base includes major retailers such as American Eagle Outfitters, Chick’s Sporting Goods, The Limited, Nike, Signet, Timberland, and Vans, Inc. More information about Island Pacific can be obtained on our website at www.islandpacific.com.
About SVI Headquartered in Carlsbad, CA, SVI provides multi-channel technology solutions to retailers. The company’s suite of offerings includes store systems as well as enterprise management, merchandising and direct-to-consumer solutions sold under the Island Pacific brand. Complementing these offerings, the Company provides an expansive menu of professional services including consulting and implementation services, as well as technical and project management services. SVI maintains offices in the United States and the United Kingdom. SVI’s subsidiary, SVI Training Products, is a leading provider of state-of-the- art PC courseware, customization tools and skills assessment software for educational institutions and government entities. More information about SVI can be obtained on their website at www.svisolutions.com.
Certain statements contained in this news release regarding matters that are not historical facts are forward-looking statements. These statements relate to future events or the Company’s future performance. These statements are only predictions. Because such forward-looking statements include risks and uncertainties, actual results may differ materially from those expressed in or implied by such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, the risk factors listed in the Company’s Form 10-K (as amended) for the fiscal year ended March 31, 2002 and other risk factors identified from time to time in the Company’s filings with the Securities and Exchange Commission. SVI undertakes no obligation to release publicly any revisions to the forward-looking statements to reflect events or circumstances after the date of this news release or to reflect the occurrence of unanticipated events.
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